Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 16,843,201 $ 3,700,814
Accounts Receivable, net 388,050 331,562
Inventory 747,780 659,651
Prepaid Assets 135,453 90,735
Total Current Assets 18,114,484 4,782,762
Other Assets:    
Property and Equipment, net 128,318 138,626
Intangible Assets, net 762,368 753,122
Long-Term Prepaid Asset 26,000 26,000
Total Other Assets 916,686 917,748
TOTAL ASSETS 19,031,170 5,700,510
Current Liabilities:    
Accounts Payable 280,437 128,937
Deferred Revenue 76,417 77,957
Accrued Expenses 217,404 243,815
Derivative Liability 4,905,927
Total Current Liabilities 5,480,185 450,709
Long-Term Liabilities    
Stock Appreciation Rights 93,525 48,341
CARES Act Deferred Payroll Taxes 37,728 37,728
Total Long-Term Liabilities 131,253 86,069
TOTAL LIABILITIES 5,611,438 536,778
Stockholders' Equity    
Preferred Stock, $0.001 par; 10,000,000 shares authorized; 465 and 715 issued and outstanding, respectively 1 1
Common Stock, $0.001 par; 12,000,000 shares authorized; 10,493,598 and 5,995,320 issued and outstanding, respectively 10,494 5,995
Additional Paid-In Capital 47,225,812 38,262,744
Accumulated Deficit (33,816,575) (33,105,008)
Total Stockholders' Equity 13,419,732 5,163,732
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 19,031,170 $ 5,700,510